Nearly 650 jobs coming to Michiana, thanks to Nello Corporation - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Nearly 650 jobs coming to Michiana, thanks to Nello Corporation

Posted:
South Bend is in the works for having nearly 650 jobs created by 2023. The Nello Corporation, Inc., with some operations based in Fort Worth, Texas, has announced their relocating operations to South Bend. Nello plans to have the move completed in the next year and a half.

By next year, Nello says they plan to hire manufacturing, information technology, engineering, and administrative positions.

The Nello Corporation was founded in 2002, and its headquarters are based in South Bend. They design and manufacture galvanized steel towers and poles. Its one of the largest tower providers in the wireless communications industry. Each year, Nello makes about 1,000 structures, and their biggest customers consist of Verizon Wireless, T-Mobile, and AT&T.

The City of South Bend will give Nello $9 million, all paid for from the city's airport tiff fund which generates about $13 million a year.

Deputy Mayor Mark Neal responded to the news, saying, "Nello's decision to consolidate operations in South Bend accelerates the city's growth in advanced manufacturing. As Nello's investment brings more good jobs to South Bend, the company will continue to fuel the momentum strengthening the city's economy."

The Indiana Economic Development offered Nello $2.9 million in conditional tax credits, and $75,000 in training grants. Until Indiana residents are hired, Nello will not receive any of the tax or grant incentives.

Indiana Governor Mike Pence says, "[Nello's] decision to locate its Texas operations here is the latest proof that Indiana, with our central location coupled with a competitive tax environment and the best workforce in the nation, continues to be a state that works over the long haul."
Nello Corporations headquarters are located in South Bend, but operations are based in Fort Worth, Texas. They plan to move operations to a 200,000 sq. ft. facility in South Bend, and construct an additional 250,000 sq. ft. facility. Nello says they hope to have both projects completed in the next five years. Nello currently has two manufacturing facilities in Bremen, Indiana.

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